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Sage Geosystems Announces Funding for Next-generation Geothermal Power Generation Project

LCG, January 21, 2026--Sage Geosystems, the company pioneering Pressure Geothermal, today announced that it closed over $97 million in Series B funding to advance its geothermal power generation and energy storage solutions, including its first commercial next-generation geothermal power generation facility. Ormat Technologies, a vertically integrated company engaged in geothermal and recovered energy generation ("REG"), and Carbon Direct Capital, a growth equity investment firm, co-led Sage’s Series B round, representing the full backing of Sage and Pressure Geothermal technology from leaders in geothermal energy and growth capital.

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Origis Energy Announces Agreement with Meta for Greyhound A Solar Project in West Texas

LCG, January 15, 2026--Origis Energy today announced that Meta and the company signed a long-term power purchase agreement (PPA) for the 240-MW (303-MWdc) Greyhound A Solar project in West Odessa, Texas. The Greyhound A Solar project is scheduled to achieve commercial operations by mid-2026.

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Industry News

'Loose Parts' Force Palisades Shutdown

LCG, Sept. 6, 2000The 740 megawatt Palisades nuclear power plant belonging to Consumers Energy Co. was shut down yesterday evening after workers performing x-ray inspections discovered "loose parts" that could affect emergency core cooling operability.

In an event report filed with the Nuclear Regulatory Commission, plant operators said it was conducting radiography examinations at 6:00 p.m. and discovered that the internal parts of a check valve were not in place. The valve is a check valve in one of the reactor's emergency core coolant systems.

A second x-ray of the valve determined that all of the parts were inside the valve somewhere, but not where they should be. At 7:01 p.m., operators began to shut down the plant because the loose parts could adversely affect the operability of other components of the emergency core cooling system.

The plant this morning was in "hot shutdown" mode, meaning it can be easily restarted once the loose parts are nailed down.

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